Pound to Dollar Rate's Relief Rally as UK PMI Data Boosts Sterling on Nostr: Pound to Dollar Rate Drops, Rebounds as US Data Disappoints =============== #ceb5d66c ...
Pound to Dollar Rate Drops, Rebounds as US Data Disappoints
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#ceb5d66c ver:0.62
The pound to dollar exchange rate dropped initially due to dovish Bank of England rhetoric, but rebounded after disappointing US employment data. The US dollar weakened against most currencies as labor market data showed signs of softening. The pound also rebounded after the BoE opened the door for an interest rate cut. The dollar's retreat followed data showing a jump in initial claims for US state unemployment benefits. #GBPUSD #USD #BoE #employmentdata...
#newstr #Pound #Dollar #ExchangeRate #BankOfEngland #UsEmploymentStatistics
https://here.news/story/ceb5d66c?ver=0.62
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#ceb5d66c ver:0.62
The pound to dollar exchange rate dropped initially due to dovish Bank of England rhetoric, but rebounded after disappointing US employment data. The US dollar weakened against most currencies as labor market data showed signs of softening. The pound also rebounded after the BoE opened the door for an interest rate cut. The dollar's retreat followed data showing a jump in initial claims for US state unemployment benefits. #GBPUSD #USD #BoE #employmentdata...
#newstr #Pound #Dollar #ExchangeRate #BankOfEngland #UsEmploymentStatistics
https://here.news/story/ceb5d66c?ver=0.62